National Debt

“The national debt of the United States government is rapidly closing in on $37 trillion. Given that the nominal U.S. GDP is only $29.35 trillion, we owe significantly more than our economy produces. The interest payment alone on the debt is now the third-highest line-item expense, just after Medicare/Medicaid and Social Security.” - Breakpoint

“Paradoxically, the faster government debt escalates toward an inevitable debt crisis, the less politicians and voters seem to care…. In the past eight years, President Donald Trump and then Biden enacted $12 trillion in deficit-expanding legislation” - Reason

Why Conservatives Should End the Debt Ceiling Debate





usdebtclock.org



USDL document



Story

http://www.nationalreview.com/articles/274171/unbalanced-michael-tanner# ]History shows us that countries as divergent as Canada, Ireland, New Zealand, and Slovenia successfully reduced the size of their governments relative to their economies and lowered their debt burden substantially. They did so by controlling spending, not by raising taxes. ~Michael Tanner, National Review Online

Whom Would Jesus Indebt?”…the morality of spending and debt has been so thoroughly demagogued that it’s impossible to advocate cuts in government spending without being accused of hatred for the poor and needy.”